Despite a 23.6% decline in the market value of Nike, which accounts for nearly 25% of the industry’s total stock market value globally, industry stocks managed to fall just 0.5% in currency neutral terms for 2016 to a total value of $341,789 million. Indeed, with the notable exception of Adidas which rose 68.4% from its 2015 lows on a strong recovery, all the industry’s megastocks with a value over $10 billion were negative for the year. However a number of strong recoveries of beaten up stocks from the past in the mid and lower tiers was enough to offset the ... Log in to view full article.